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Michael Bloomberg biography

Wondering what is Michael Bloomberg ‘s net worth or how much money is Michael Bloomberg making? You’re in the right place! Keep reading!

Michael Bloomberg has a Net Worth of $35.5 Billion due to his successful career as a businessman

The American businessman Michael Bloomberg is one of the richest billionaires in the world after Bernard Arnault and one of the wealthiest persons living in New York.

Michael Bloomberg is the founder, owner and currently the Chief Executive Officer of Bloomberg L.P.

The American businessman and politician began his career at Salomon Brothers, as a general partner. At Solomon Brothers, Michael Bloomberg was dealing with systems development and equity trading.

In 1981, the American businessman was laid off from Salomon Brothers and received a severance package of $10 million. With this money, Michael Bloomberg founded the company Innovative Market Systems. This company will later be known as Bloomberg L.P.

For those who don’t know, Bloomberg L.P. is a privately held media, data and financial company which provides financial software tools to financial organizations and companies.

The Bloomberg L.P. company also features a global television network named Bloomberg Television, a radio station ( WBBR ), a wire service named Bloomberg News, three magazines ( Bloomberg Pursuit, Bloomberg Businessweek, Bloomberg Markets ), subscription-only newsletters and a number of digital websites.

The Bloomberg L.P. company had in 2013 a revenue of $8.3 billion and a number of employees of 15.000.

Besides his successful career as a businessman, Michael Bloomberg is also known for his career as an American politician.

During his career as a politician, the American businessman was mentioned a couple of times as a possible candidate for the presidential election.

Michael Bloomberg served as the Mayor of New York City, holding the office three consecutive terms since 2001. As a mayor, the American businessman received an annual salary of $1000.

Michael Bloomberg Net Worth 2015

In 2015, the American businessman and politician has a net worth of $35.5 billion and he is one of the wealthiest persons in the world.

Regarding his estates and homes, Michael Bloomberg owns a two story, 6000 square feet residence in Stokes Bay valued at $10.5 million, a remarkable mansion in Southampton, Long Island valued at $20 million, a Victorian residence in Cadogan Square, London valued at $10 million and a farmhouse in North Salem, New York valued at $3.6 million.

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